HUL: Chart view & Strategy for HUL
Updated
HUL
CMP 2140
Resistance at 2200-2265
Target for the current setup 1928 / 1655
One may look to deploy the following strategy
Consider Selling HUL 30 April Call Option
Lot size: 300
Strike Price: 2240
Last closing Price : 122.25
Any price in the range of 110-125 may be considered to go short on Call option.
Max profit potential in strategy : Rs 33000/- - Rs 37500/- per lot.
The chart pattern gets invalidated if HUL goes above 2265 in Cash market, however the strategy will have an inbuilt protection for a rise in stock up to 2350-2365 giving you a better risk management control over your trade.
Will update further when market opens
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Hit the Like button and Follow... :-)
Take care & safe trading
CMP 2140
Resistance at 2200-2265
Target for the current setup 1928 / 1655
One may look to deploy the following strategy
Consider Selling HUL 30 April Call Option
Lot size: 300
Strike Price: 2240
Last closing Price : 122.25
Any price in the range of 110-125 may be considered to go short on Call option.
Max profit potential in strategy : Rs 33000/- - Rs 37500/- per lot.
The chart pattern gets invalidated if HUL goes above 2265 in Cash market, however the strategy will have an inbuilt protection for a rise in stock up to 2350-2365 giving you a better risk management control over your trade.
Will update further when market opens
You can add your Comments below...
& don't forget to
Hit the Like button and Follow... :-)
Take care & safe trading
Trade active
HUL is currently trading at 2189 in cash market very close to resistance zone of 2200-2265 as mentioned above2240 Call option is currently trading at 145
Consider going short on call option.
Take care and safe trading...!!!
Trade closed: target reached
strategy Update2240 Call sold at 145
CMP 22
Total profits in strategy
300*(145-22) = Rs 36900/-
Happy trading
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